ZTE jumped as much as 9.1% in Hong Kong, while Datang Telecom Technology soared as much as 8%. Peers Fiberhome Telecommunication Technologies Co., Wuhan Fingu Electronic Technology Co. and Suzhou Shijia Science & Technology surged by their 10% daily limits on Chinese exchanges. Major telecom operators including China Mobile, China Unicom Hong Kong Ltd. and China Telecom, which have yet to announce their 2021 capital spending plans for 5G construction, fell between 0.7% and 2.7%. The carriers are expected to incur surging costs in maintaining an expanding network, while revenues from commercial 5G packages have yet to recover their capital input.

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